Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly
(through ECS only) or through SSS mode over the term of policy. Alternatively, a
single premium can be paid.

A
grace period of one calendar month but not less than 30 days will be allowed for
payment of yearly or half-yearly or quarterly premiums and 15 days for monthly
premiums.

3.
Sample Premium Rates:

Following are some of the sample premium rates (exclusive of service tax) per
Rs. 1000/- S.A.:

Single Premiums

Age at entry

Policy term

10

20

30

25

-

-

435.80

35

-

612.00

456.15

45

852.55

632.80

-

Annual Premiums

Age at entry

Policy term

10

20

30

25

-

-

32.75

35

-

53.60

34.80

45

115.25

57.15

-

4.
Mode and High S.A. Rebates:

Mode Rebate:

Yearly - 2% of tabular premium

Half-Yearly - 1% of tabular premium

Quarterly - Nil

Sum
Assured Rebate:

For Regular Premium policies:

Sum AssuredRebate

1, 00,000 to 2, 95,000 Nil

3, 00,000 and above 2%o S.A.

For Single Premium Policies:

Sum AssuredRebate

1, 50,000 to 2, 95,000 Nil

3, 00,000 and above 5%o S.A.

5.
Revival:

If premiums are
not paid within the grace period then the policy will lapse. A lapsed policy can
be revived from the date of first unpaid premium and before the date of vesting
by paying all the arrears of premium together with interest within a period of
five years, subject to submission of satisfactory evidence of continued
insurability.

The Corporation
reserves the right to accept at original terms, accept at revised terms or
decline the revival of a discontinued policy. The revival of discontinued policy
shall take effect only after the same is approved by the Corporation and is
specifically communicated to the life assured. Accident Benefit Rider, if opted
for, shall be revived along with the basic plan and not in isolation.

6.Policy Loan:

No loan facility will be available under this plan.

7.Service
Tax:

Service tax, if any, shall be as per the Service Tax laws and the rate of
service tax as applicable from time to time.

The
amount of service tax as per the prevailing rates shall be payable by the
policyholder on premium(s) as and when the premiums are paid.

8.Cooling-off
period:

If
the Life Assured is not satisfied with the 'Terms and Conditions' of the policy,
he/she may return the policy to the Corporation within 15 days from the date of
receipt of the policy stating the reason of objections. On receipt of the same
the Corporation shall cancel the policy and return the amount of premium
deposited after deducting the risk premium, expenses incurred on medical
examination and stamp duty.

9.Exclusion:

Suicide:
This policy shall be void if the Life Assured commits suicide (whether sane or
insane at that time) at any time within one year from the date of commencement
of risk and the Corporation will not entertain any other claim by virtue of this
policy except to the extent of a maximum of 90% of single premium paid excluding
any extra premium (in case of single premium policies).